Period
to 13 April 2021

The following table provides summary statistics for permanent job vacancies with a requirement for Backtesting skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Backtesting over the 6 months to 13 April 2021 with a comparison to the same period in the previous 2 years.

Backtesting
UK
6 months to
13 Apr 2021
Same period 2020 Same period 2019
Rank 792 942 1098
Rank change year-on-year +150 +156 +77
Permanent jobs citing Backtesting 46 43 32
As % of all permanent jobs advertised in the UK 0.055% 0.038% 0.021%
As % of the Processes & Methodologies category 0.060% 0.041% 0.023%
Number of salaries quoted 17 36 28
10th Percentile £84,000 £66,250 £52,175
25th Percentile £85,000 £86,875 £67,500
Median annual salary (50th Percentile) £115,000 £100,000 £90,000
Median % change year-on-year +15.00% +11.11% +38.46%
75th Percentile £142,500 £135,000 £103,125
90th Percentile " £175,000 £112,375
UK excluding London median annual salary - £38,000 £45,000
% change year-on-year - -15.56% -

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Permanent vacancies with a requirement for process or methodology skills 76,792 104,892 137,408
As % of all permanent IT jobs advertised in the UK 92.47% 92.14% 92.30%
Number of salaries quoted 59,116 84,257 109,289
10th Percentile £32,500 £31,250 £30,000
25th Percentile £41,250 £40,000 £37,500
Median annual salary (50th Percentile) £55,000 £55,000 £52,500
Median % change year-on-year - +4.76% +5.00%
75th Percentile £75,000 £72,500 £70,000
90th Percentile £90,000 £90,000 £85,000
UK excluding London median annual salary £48,500 £47,500 £45,000
% change year-on-year +2.11% +5.56% -

Backtesting
Job Vacancy Trend

Job postings citing Backtesting as a proportion of all IT jobs advertised.

Job vacancy trend for Backtesting in the UK

Backtesting
Salary Trend

3-month moving average salary quoted in jobs citing Backtesting.

Salary trend for Backtesting in the UK

Backtesting
Salary Histogram

Salary distribution for jobs citing Backtesting over the 6 months to 13 April 2021.

Salary histogram for Backtesting in the UK

Backtesting
Top 3 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Backtesting within the UK over the 6 months to 13 April 2021. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +120 45 £115,000 +15.00% 4
London +113 45 £115,000 +15.00% 4
Work from Home - 2 £90,000 -

For the 6 months to 13 April 2021, IT jobs citing Backtesting also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads with a requirement for Backtesting.

1 28 (60.87%) Finance
2 27 (58.70%) C++
3 24 (52.17%) Python
4 21 (45.65%) Low Latency
5 20 (43.48%) Multithreading
6 19 (41.30%) Market Risk
7 17 (36.96%) Financial Institution
7 17 (36.96%) Front Office
7 17 (36.96%) Analytics
7 17 (36.96%) Analytical Skills
8 16 (34.78%) Mathematics
9 14 (30.43%) Unit Testing
10 13 (28.26%) Git (software)
10 13 (28.26%) Subversion
11 11 (23.91%) Banking
11 11 (23.91%) Foreign Exchange (FX)
12 10 (21.74%) Java
12 10 (21.74%) SQL
12 10 (21.74%) Equities
12 10 (21.74%) Fintech
13 8 (17.39%) Physics
13 8 (17.39%) Algorithmic Trading
14 7 (15.22%) Computer Science
14 7 (15.22%) Integration Testing
14 7 (15.22%) Investment Banking
14 7 (15.22%) Pandas
14 7 (15.22%) GCP
14 7 (15.22%) Concurrent Programming
14 7 (15.22%) Hedge funds
14 7 (15.22%) Memory Management

Backtesting
Co-occurring IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Business Applications
1 2 (4.35%) Eikon
Cloud Services
1 7 (15.22%) GCP
Database & Business Intelligence
1 4 (8.70%) KDB
2 3 (6.52%) Apache Cassandra
2 3 (6.52%) Kdb+
2 3 (6.52%) NoSQL
Development Applications
1 13 (28.26%) Git (software)
1 13 (28.26%) Subversion
General
1 28 (60.87%) Finance
2 17 (36.96%) Financial Institution
2 17 (36.96%) Front Office
3 11 (23.91%) Banking
4 7 (15.22%) Investment Banking
Job Titles
1 40 (86.96%) Developer
2 22 (47.83%) Quantitative Developer
3 19 (41.30%) C++ Developer
4 15 (32.61%) C++ Quantitative Developer
5 13 (28.26%) Market Risk Developer
6 9 (19.57%) Market Risk C++ Developer
7 8 (17.39%) Python Developer
8 7 (15.22%) Algorithmic Trading Developer
8 7 (15.22%) Investment Banking Java Developer
8 7 (15.22%) Java Developer
8 7 (15.22%) Java Developer - Algorithmic Trading
9 4 (8.70%) Quantitative Modeller
10 2 (4.35%) Analyst
10 2 (4.35%) QA Engineer
10 2 (4.35%) QA Leader
10 2 (4.35%) Senior QA Engineer
11 1 (2.17%) Business Analyst
11 1 (2.17%) Qualitative Analyst
11 1 (2.17%) Senior Analyst
11 1 (2.17%) Test Manager
Libraries, Frameworks & Software Standards
1 7 (15.22%) NumPy
1 7 (15.22%) Pandas
2 5 (10.87%) .NET
3 1 (2.17%) FIX Protocol
Miscellaneous
1 19 (41.30%) Market Risk
2 17 (36.96%) Analytical Skills
3 11 (23.91%) Foreign Exchange (FX)
4 10 (21.74%) Equities
5 7 (15.22%) Hedge funds
6 6 (13.04%) Derivative
7 5 (10.87%) Fixed Income
8 3 (6.52%) Algorithms
9 1 (2.17%) Equity Derivative
9 1 (2.17%) Pricing Data
Processes & Methodologies
1 21 (45.65%) Low Latency
2 20 (43.48%) Multithreading
3 17 (36.96%) Analytics
4 16 (34.78%) Mathematics
5 14 (30.43%) Unit Testing
6 10 (21.74%) Fintech
7 8 (17.39%) Algorithmic Trading
7 8 (17.39%) Physics
8 7 (15.22%) Computer Science
8 7 (15.22%) Concurrent Programming
8 7 (15.22%) Integration Testing
8 7 (15.22%) Memory Management
9 6 (13.04%) Risk Management
10 5 (10.87%) Agile Software Development
10 5 (10.87%) Asset Management
10 5 (10.87%) PnL Attribution
10 5 (10.87%) Statistics
11 4 (8.70%) Data Science
11 4 (8.70%) Mathematical Modelling
11 4 (8.70%) Prototyping
Programming Languages
1 27 (58.70%) C++
2 24 (52.17%) Python
3 10 (21.74%) Java
3 10 (21.74%) SQL
4 7 (15.22%) Java 8
5 5 (10.87%) MATLAB
5 5 (10.87%) R
5 5 (10.87%) VBA
6 4 (8.70%) C#
7 3 (6.52%) C
Qualifications
1 4 (8.70%) PhD
2 1 (2.17%) CFA
2 1 (2.17%) Degree
Quality Assurance & Compliance
1 4 (8.70%) Basel II
1 4 (8.70%) CRD IV
2 3 (6.52%) QA
3 1 (2.17%) Dodd-Frank
Vendors
1 4 (8.70%) Bloomberg
2 3 (6.52%) Oracle
2 3 (6.52%) Reuters
2 3 (6.52%) Sybase